Mortgage and Financial News From 2007-12-28 Page 18

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  • Rams Extends Maturity Dates of its Funding Facilities (Update1)

    Bloomberg - Dec. 28 (Bloomberg) -- Rams Home Loans Group Ltd., the Australian mortgage company that failed to refinance more than A$6 billion ($5.3 billion) in short-term loans this year, today extended the maturity dates of two of its funding facilities. Rams ...
    2007-12-26 03:56:00

  • RAMS gets a $3.5bn loan lifeline

    News.com.au - ... and distribution business to Westpac, has announced it has been able to line up enough funding to "roll over" or refinance $3.5 ... Westpac stepped in to save RAMS Home Loans from going under in October when it agreed to purchase its distribution ...
    2007-12-28 06:57:00

  • RAMS on track to refinance debt

    West Online - RAMS Home Loans Group Ltd, which has been trying to refinance debt amid difficult conditions in credit markets, has secured enough funding to rollover about two thirds of its maturing US short term debt. RAMS, which listed in July, ran into trouble ...
    2007-12-27 10:43:00

  • RAMS Home Loans looks to refinance

    News.com.au - TROUBLED non-bank lender RAMS Home Loans is racing against deadline to refinance $1.25 billion, just as the credit crunch threatens to slash another $US34 billion from US banks. RAMS announced yesterday it had signed conditional deals to refinance $3 ...
    2007-12-28 05:53:00

  • Home Prices: Schussing the Black Diamond (BusinessWeek)

    Home prices go straight down
    2007-12-27 08:29:00

  • RAMS races to beat crunch (Herald Sun)

    TROUBLED non-bank lender RAMS Home Loans is racing against deadline to refinance $1.25 billion, just as the credit crunch threatens to slash another $US34 billion from US banks.
    2007-12-28 05:00:00

  • RAMS still short of $1.25b (The Courier Mail)

    RAMS Home Loans is racing against deadline to refinance $1.25 billion, just as the credit crisis threatens to slash $US34 billion from US banks.
    2007-12-28 05:00:00

  • RAMS on track to refinance debt (Nyngan Observer)

    RAMS Home Loans Group Ltd, which has been trying to refinance debt amid difficult conditions in credit markets, has secured enough funding to rollover about two thirds of its maturing US short term debt.
    2007-12-28 06:42:24

  • How to survive the bust

    Los Angeles Times - The market won't rescue you from a bad investment . If you're buying an income ... may be located in your place longer than you expected (if you're able to make the mortgage). Maybe this is an opportunity, not to "shelter in place" until the credit ...
    2007-12-27 11:55:00

  • Hedge funds, private equity and philanthropy

    Daily Telegraph - Then again there is the case of Northern Rock, which pursued a high-risk strategy in the mortgage market ... In some respects, it was ever thus: offer people money or credit to blow on things that are bad for them, and they'll bite your hand off ...
    2007-12-28 07:26:00

  • Development on New York's coast

    New York Daily News - A Even if your boyfriend has a bad credit history, you'll want to put down the most money you can to get the best terms on any mortgage. So start by saving the most money you can. You might consider asking a family member to loan you cash for the down ...
    2007-12-27 11:55:00

  • Japan to host G7 talks on subprime, oil jitters

    News.com.au - ... finance ministers and central bankers of the Group of Seven leading nations in February to discuss the US subprime mortgage ... Financial markets have seen months of turmoil over the so-called "subprime" crisis, in which Americans with bad credit were ...
    2007-12-28 12:16:00

  • European stocks snap winning run as banks fall

    Guardian Unlimited - ... market will get its direction from (such) surprise bad ... hit over the past few months by a squeeze in the credit market, and investors fear that financial institutions have not yet unveiled the full impact of the debacle in the U.S. subprime mortgage ...
    2007-12-28 12:02:00

  • State probes bond insurer

    Baltimore Sun - ... determine the extent of the company's exposure to defaults in the subprime mortgage ... Now with problems spreading to a company that insures those bonds, the credit mess ... CDOs are the biggest problem we face, even more than home loans going bad ...
    2007-12-28 05:53:00

  • Company Bond Sales Fall in Europe, 1st Year Since '02 (Update2)

    Bloomberg - I've been in this business for 20 years and never seen anything as bad as this ... steelmaker Arcelor Mittal canceled deals as contagion from losses on U.S. mortgage ... said. ``Now, most treasurers would admit that we have a completely different credit ...
    2007-12-28 06:36:00

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